Economics
Video: 25 Million Pounds – The story of Nick Leeson and Barrings Bank
Barrack Obama and Ben Bernanke are the USA's Nick Leeson.
Economics
Video: The Black and Scholes Equation for pricing Stock Options – Attack of the Quants Revenge of the Traders – The story of Long Term Capital Management
An important lesson that I have learned from secondary sources can be synthesized with the lessons of the history portrayed in this video. Once a trading pattern is discovered by and used by others its effectiveness goes away. An example of this would be if the market always went Read more…
Video: Lords of Finance: The Bankers Who Broke the World
Liaquat Ahamad discusses the financial crisis of 2009 versus 1929. Liaquat Ahamed discusses his book, Lords of Finance: The Bankers Who Broke the World, and covers the 2009 financial crisis. The date of this talk is June 9, 2009 so he may have spoken too soon when he said we Read more…
Economics
Video: Milton Friedmans Free to Choose
​ Milton Friedman is inspiring. This is the first episode of Free to Choose. You will see the rest of the 10 episodes listed to the right side. Friedman's questioners in the post presentation look like naive amateurs in contrast. America's freedom and prosperity derive from the combination Read more…
Milton Friedman
Video: Milton Friedman – Why Drugs Should Be Legalized
Milton Friedman is going to be added as a tag on this blog. If you watch the following video you will understand why.
Economics
Video: The Crash of 1929 & The Great Depression
Note how there were mini crashes and mini bail outs until the faith in the bail outs went to nil. That is when the real crash occurred in October of 1929. With the central government of the USA doing the bailing it may only take longer. In fact its probably Read more…
Economics
When will we come out of this economic depression?
When All the Industrial Countries want to Export All the industrial nations of the world are currently competitively devaluing their currency with the printing press. This is their attempt to increase employment by export demand. This is my attempt to follow this to some sort of logical conclusion. Judging from Read more…
Economics
Video: The Ascent of Money
History of financial intruments. The ascent of money.It has had a democratizing effect. However anything dealing with humans is going to be a rough road indeed. Written and narrated by Niall Furguson This series is highly recommended. Extremely illuminating series by an author that has a keen grasp of history. Read more…
Economics
On Negative Stock returns for the next 10 years
The next 10 years with stocks do not appear good on the numbers.